BKV Corporation (BKV) AI Stock Analysis

• Market Cap: $1.99B
• Dividend Yield: N/A
• Average Volume (3M): 320.29K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.96
• Revenue Growth: 13.20%
• EPS Growth: 55.44%
• Country: US
• Employees: 366
• Sector: Energy
• Sector Strength: 66
• Industry: Oil & Gas Exploration & Production
• EPS (TTM): 0.39
• Shares Outstanding: 84,711,220
• 10 Day Avg. Volume: 208,634
• 30 Day Avg. Volume: 320,285
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.12
• Enterprise Value/Revenue: 2.58
• Enterprise Value/Gross Profit: 6.22
• Enterprise Value/Ebitda: 11.79
• 1Y Price Target: $27.63
• Price Target Upside: 24.24% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4

• Rating: 62 Neutral
• Price Target: $22.50 ▲(1.17% Upside)

BKV's strong earnings call and strategic acquisitions are significant positives, but financial performance concerns and a challenging valuation weigh on the overall score.

Positive Factors

Cost Management

BKV is focusing on leveraging technical learnings from the Barnett Zero project for future CCS projects, which could lead to incremental cost savings.

Market Position

BKV is well-positioned in the strengthening natural gas markets and is progressing on its CCUS strategy with joint venture funding and on-track projects.

Upstream Performance

BKV outperformed expectations in its upstream segment during the quarter.

Negative Factors

Power Segment Outlook

Investors were disappointed by BKV's 2025 outlook for the power segment EBITDA, which is at odds with the positive outlook for power demand and pricing in the state.

Production Guidance

The F2025 production guidance implies a ~2% year-over-year decline.

BKV Corporation Business Overview & Revenue Model

Company Description

BKV Corporation (BKV) is a diversified energy company primarily focused on the exploration, production, and marketing of natural gas and oil resources. The company operates in the upstream sector of the energy industry, with significant operations in the United States, particularly in areas rich in natural gas resources. BKV is dedicated to sustainable energy practices and aims to leverage innovative technologies to enhance production efficiency and minimize environmental impact.

How the Company Makes Money

BKV generates revenue primarily through the extraction and sale of natural gas and oil. The company engages in the exploration and development of oil and gas properties, and its revenue model is largely dependent on the market prices of these commodities. Key revenue streams include the sale of produced hydrocarbons to various customers, including utilities, industrial clients, and other energy companies. Additionally, BKV may enter into joint ventures and strategic partnerships to expand its operational capacity and access new markets, which can further enhance its earnings potential. Factors such as geopolitical stability, regulatory changes, and commodity price fluctuations play a significant role in BKV's financial performance.

BKV Corporation Financial Statement Overview

Summary

BKV Corporation faces challenges in profitability with declining net income and negative margins, despite positive revenue growth. The balance sheet remains strong with a high equity ratio, but increased leverage and negative ROE are concerns. Cash flow analysis reveals operational cash generation, yet cash management needs improvement due to negative free cash flow.

Income Statement

The income statement shows declining revenue with a significant drop in net income from previous profitable years. Gross profit margin remains relatively high at 60.8% for the TTM, but the company experienced negative EBIT and net profit margins, indicating operational challenges. Revenue growth from the annual report to TTM is positive (12.6%), yet profitability remains a concern with negative net income and EBIT.

Balance Sheet

The balance sheet is stable with a strong equity position, with an equity ratio of 65.8% for the TTM, indicating a healthy balance between debt and equity. However, the debt-to-equity ratio increased slightly, reflecting higher leverage. Return on equity is negative due to net losses, which might affect long-term sustainability.

Cash Flow

The cash flow statement indicates a positive operating cash flow, though free cash flow is negative for the TTM, showing cash outflows exceed inflows. The operating cash flow to net income ratio is not favorable, highlighting inefficiencies in converting net income to cash. Financing activities show significant outflows, which could pressure liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	861.78M	604.53M	739.28M	1.66B	889.53M	122.53M
Gross Profit	357.14M	387.00M	515.91M	1.54B	797.25M	35.19M
EBITDA	188.57M	82.18M	446.59M	640.00M	-74.02M	87.54M
Net Income	-18.68M	-142.87M	116.92M	410.14M	-138.21M	-43.35M
Balance Sheet
Total Assets	2.30B	2.23B	2.68B	2.70B	1.62B	1.34B
Cash, Cash Equivalents and Short-Term Investments	21.43M	14.87M	25.41M	153.13M	134.67M	17.45M
Total Debt	200.00M	165.00M	541.66M	617.04M	181.41M	35.14M
Total Liabilities	716.37M	671.51M	1.21B	1.51B	865.89M	357.35M
Stockholders Equity	1.59B	1.56B	1.42B	1.13B	705.10M	942.86M
Cash Flow
Free Cash Flow	12.70M	17.62M	-69.53M	101.10M	289.42M	-521.71M
Operating Cash Flow	207.54M	118.54M	123.08M	349.19M	358.13M	-7.41M
Investing Cash Flow	-195.22M	36.07M	-177.85M	-865.57M	-161.86M	-513.99M
Financing Cash Flow	-89.00K	-304.81M	66.71M	534.83M	-79.05M	442.72M

BKV Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 22.24
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BKV, the sentiment is Positive. The current price of 22.24 is above the 20-day moving average (MA) of 21.93, above the 50-day MA of 21.81, and above the 200-day MA of 21.69, indicating a bullish trend. The MACD of 0.45 indicates Negative momentum. The RSI at 52.08 is Neutral, neither overbought nor oversold. The STOCH value of 48.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BKV.

BKV Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DMLP	78 Outperform	$1.20B	14.25	31.42%	12.12%	4.58%	-32.82%
MNR	77 Outperform	$1.68B	7.33	16.84%	16.10%	11.56%	―
TALO	69 Neutral	$1.74B	54.59	-6.56%	―	10.59%	-3044.85%
Sector *	66 Neutral	$15.26B	7.30	3.22%	5.27%	4.16%	-60.82%
BKV	62 Neutral	$1.99B	―	-1.36%	―	13.20%	55.44%
NEXT	―	$2.80B	―	-46.38%	―	―	―
HPK	64 Neutral	$990.14M	9.14	6.80%	2.10%	-20.30%	-27.90%

BKV Corporation Corporate Events

BKV Corporation Acquires Bedrock Energy’s Barnett Shale Assets

On August 7, 2025, BKV Corporation announced a definitive agreement to acquire Bedrock Energy Partners’ assets in the Barnett Shale for approximately $370 million. This acquisition, expected to close by early fourth quarter 2025, is set to enhance BKV’s production base and reserves, aligning with its strategic position in the Fort Worth Basin. Additionally, BKV signed a deal with Gunvor for Carbon Sequestered Gas, leveraging its CCUS business to offer a premium market product. These moves are anticipated to strengthen BKV’s market positioning and financial performance, with the Bedrock acquisition expected to be accretive to cash flow per share by 2026.

BKV Corporation Concludes Annual Stockholders Meeting

On June 19, 2025, BKV Corporation held its Annual Meeting of Stockholders, where the final vote tabulation was delivered by The Carideo Group, Inc. on June 20, 2025. During this meeting, stockholders elected Class I directors to serve until the 2028 annual meeting and approved the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.